RIL Q3 consolidated profit jumps 38% to Rs 20,539 crore
New Delhi: Reliance Industries NSE 0.02 % Ltd (RIL) reported a better-than-expected consolidated quarterly profit of ₹20,539 crore, a jump of 38% from the year earlier, helped by a demand revival that boosted all its businesses from refining to digital and retail.
The conglomerate’s consolidated gross revenue rose 52.2% from a year earlier to ₹2,09,823 crore for the quarter ended December. Net profit attributable to owners of the company rose 41.6% to ₹18,549 crore from ₹13,101 crore in the corresponding quarter last year.
Compared with the September quarter of 2021, consolidated net profit rose 32.7%. A Bloomberg poll of analysts had pegged quarterly profit at ₹15,260 crore. The sale of US shale assets during the quarter also aided profit.
